Inequality has grown in New York over the past 35 years, with more wealth concentrated among the top 1% of earners. But the increase in the minimum wage from $9 an hour to $15 in the city
in 2018, and statewide by 2021, will help boost many of the working families living just above the city’s poverty line. A dual income household earning minimum wage will make roughly $60,000 a year compared with $36,000 today.